1923 Babe Ruth Annuity Policy

Sold For: $1,080

Auction Year:2016 fall

Lot: 1623

Item Year:1923

Category:Post-1900 Baseball Memorabilia

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Four-page annuity policy, dated October 8, 1923, issued to Babe Ruth by the Equitable Life Insurance Society of the United States. The policy, which has an annual premium of $3,300, bestows upon Ruth payments of $1,683.66 every month after he reaches the age of sixty-five. The death beneficiaries of the policy are first his wife Helen, and second his daughter Dorothy. The word "Cancelled" is stamped in red on each page. The policy (12 x 17 inches),which is not signed by Ruth, displays one horizontal and two vertical folds (as issued), as well as a few small edge tears and tiny stains. In Very Good to Excellent condition overall. Accompanied by a second-generation photo (10 x 8 inches; Ex) of Ruth (late in life) shaking hands with an unidentified insurance executive and vintage newspaper clippings documenting his annuities with the Equitable Life Insurance Society of the United States. Total: 3 items (policy, photo, and newspaper clippings). Reserve $400. Estimate (open).